Tuesday, November 20, 2018
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US Regulator Issues Cease and Desist Order to Russian ICO Mimicking Liechtenstein Bank

Securities Commissioner Karen Tyler of North Dakota, U.S., has issued a cease and desist order against a Russian Initial Coin Offering (ICO) that posed as Liechtenstein Union Bank, according to a Monday, Nov. 19 press release.The state Securities Department’s ICO Task Force conducted an investigation and found out that the

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a Stablecoin Gets Sharia Certified, the IMF Considers Central Bank Digital Currencies

Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link.Top Stories This WeekSwiss Crypto Firm X8 AG

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Industrial-Scale Adoption of Blockchain Likely in 1-2 Years, Says CEO of Russia’s Largest Bank

Twitter Facebook LinkedIn Industrial-scale adoption of blockchain technology will surge in the next year or two. That’s the prediction of bitcoin advocate Herman Gref, the CEO of Sberbank — Russia’s largest bank and the third-largest bank in Europe. Gref said the hype surrounding blockchain has waned a bit, but its many uses

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German Crypto Exchange Bitcoin Group SE Acquires Investment Bank Tremmel

German holding company Bitcoin Group SE has acquired a 100 percent stake in investment bank Tremmel Wertpapierhandelsbank GmbH, the company announced in a press release on November 13, 2018. Bitcoin Group SE Significantly Expands Its Service Portfolio Bitcoin Group SE has reached an important milestone in the expansion of its service portfolio

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Central Bank Doesn’t Plan to Issue Its Own Cryptocurrency

The Central Bank of Azerbaijan (CBA) does not plan to issue a state-backed cryptocurrency because of the “great risks,” English-language Azerbaijani news outlet AzerNews reported Nov. 15.Alim Guliyev, the first Chairman at CBA, underlined that since digital currencies “come with great risks,” the CBA is not intending to launch a

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European Central Bank Exec Calls Bitcoin the ‘Evil Spawn of the Financial Crisis’

Executive Board member of the European Central Bank (ECB) Benoit Coeure considers Bitcoin (BTC) to be the “evil spawn of the [2008] financial crisis,” Bloomberg reports Nov. 15.Coeure reportedly made his acid remarks at the Bank for International Settlements (BIS) in Basel. The BIS’ general manager Augustín Carstens has likewise

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Canadian Bank Announces Digital Safety Deposit Box for Crypto Exchanges and Investment Funds

VersaBank, formerly Pacific & Western Bank of Canada, announced one of its subsidiaries has completed beta testing for its digital safety deposit box and is now entering the commercialization phase, which will include the offering of digital safe keeping as well as multi signature services for cryptocurrency exchanges and crypto-based investment funds.Canadian

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Central Bank Digital Currencies Could Have Legitimate ‘Role,’ Says IMF’s Lagarde

The head of the International Monetary Fund (IMF) has said the international community should “consider” endorsing central bank issued digital currencies (CBDCs) in a speech at the Singapore Fintech Festival Nov. 14.IMF managing director Christine Lagarde said that despite being “not entirely convinced” on the concept of cryptocurrencies more generally,

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Bank of America Wins Patent for Storing Clients’ Crypto Holdings in Enterprise Accounts

The Bank of America (BoA) has won a patent for a system for enterprises to store customers’ crypto deposits, published by the U.S. Patent and Trademark Office (USPTO) yesterday, Nov. 13.The patent, first filed in mid-June 2014, outlines the background to the invention by stating that “as technology advances, financial

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